Xilinmen Health Sleep Technology disclosed its half-year report on the evening of August 25, with results turning to a year-on-year loss. In the first half of this year, the company achieved operating revenue of 3.812 billion yuan, down 5.18 percent year on year. Net profit attributable to the parent company was a loss of 36.1977 million yuan, swinging from profit to loss year on year and down 113.58 percent. Net profit attributable to the parent company after deducting non-recurring items was a loss of 39.5666 million yuan, swinging from profit to loss year on year and down 115.24 percent. The company said that due to the continued adjustment of the real estate market, overall industry operations are under pressure. In the first half of 2026, national housing completions reached 172.21 million square meters, down 23.7 percent year on year, of which residential completions were 121.48 million square meters, down 25.3 percent year on year. The decline in new home deliveries directly led to weaker traditional home furnishing demand. According to data from the National Bureau of Statistics, from January to June 2026, retail sales of furniture goods by enterprises above designated size nationwide totaled 87 billion yuan, down 3.7 percent year on year. Furniture manufacturing enterprises above designated size achieved operating revenue of 257.61 billion yuan, down 8.6 percent year on year, while total profit was only 4.57 billion yuan, down sharply by 52.7 percent year on year. The company also flagged major risks. Because Pan-China Certified Public Accountants issued an adverse opinion on the company's 2025 internal control audit report, and the balance of non-operating funds occupied by the controlling shareholder and its related parties reached more than 5 percent of the absolute value of the latest audited net assets, and the balance of external guarantees provided by the company in violation of prescribed decision-making procedures reached more than 5 percent of the absolute value of the latest audited net assets, and the controlling shareholder and its related parties were unable to complete repayment or rectification within one month, the company's shares have been subject to other risk warnings since April 28, 2026. As of the end of the reporting period, the balance of non-operating funds occupied by the controlling shareholder and its related parties was 493 million yuan, accounting for 13.84 percent of the latest audited net assets. Through factoring business, certificate of deposit pledges, and issuing guarantee letters to creditors related to the controlling shareholder without compliance review and information disclosure procedures, the balance of irregular guarantees reached 459 million yuan, accounting for 12.90 percent of the latest audited net assets.
Xilinmen Furniture Co LtdCompany swung to loss as new home deliveries declined, weakening demand for home furnishing products.
